706, Mazaya - Farah Tower 1
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Mazaya - Farah Tower 1
What is 706 worth today?
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Source: Dubai Land Department. Updated 14 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,067 sqft
- Floor
- 7th of 9
- Parking
- G-74
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,100 /yr
- Last sold
- AED 1.36M · May 2009
- Building
- Mazaya - Farah Tower 1
About 706, Mazaya - Farah Tower 1
706 is a two-bedroom apartment of 1,067 sqft on the 7th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 1,358,460, or AED 1,272 per sqft, 41% above the AED 902 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 14 September 2024, is AED 52,030 a year: a gross yield of 3.8% on the 2009 price, before the service charge of about AED 12,100 a year.
Sales and rents for 706 over time
706 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya - Farah Tower 1, and where 706 sits
All 18 2-beds →706 last sold in May 2009 at AED 1,272 per sqft, 41% above what two-beds in Mazaya - Farah Tower 1 were fetching at the time (AED 902). 706's AED 52,030 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jul 202422 July 2024 | 1,081 sqft | 700,000 | 647 | ||
| 10 Oct 202210 October 2022 | 1,082 sqft | 545,000 | 503 | ||
| 14 Feb 202214 February 2022 | 1,067 sqft | 535,000 | 501 | ||
| 30 Aug 202030 August 2020 | 1,067 sqft | 515,000 | 482 |
Mazaya - Farah Tower 1
Building81 apartments, 1-bed to 2-bed over 9 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 845
- Typical sale
- AED 550K
- Typical rent
- AED 45K /yr
- Typical yield
- 6.9%
Other units on the 7th floor
All 81 units in Mazaya - Farah Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 651 sqft | AED 375KAED 375,000 · Feb 2019February 2019 | ||
| 702 | 1-bed | 758 sqft | AED 600KAED 600,000 · Jan 2016January 2016 | 30,000 /yr | |
| 703 | 1-bed | 651 sqft | AED 550KAED 550,000 · Feb 2026February 2026 | 27,000 /yr | |
| 704 | 1-bed | 814 sqft | AED 335KAED 335,000 · May 2022May 2022 | 44,464 /yr | |
| 705 | 1-bed | 815 sqft | AED 415KAED 415,000 · Mar 2017March 2017 | 42,000 /yr | |
| 707 | 2-bed | 1,066 sqft | AED 600KAED 600,000 · Mar 2019March 2019 | 58,481 /yr | |
| 708 | 1-bed | 812 sqft | AED 600KAED 600,000 · Jun 2016June 2016 | 53,000 /yr | |
| 709 | 1-bed | 811 sqft | AED 595KAED 595,000 · Jul 2026July 2026 | 53,000 /yr |
706, Mazaya - Farah Tower 1 in numbers
- Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 1,358,460, or AED 1,272 per sqft.
- Rented since June 2015 on 5 Ejari contracts. The rent fell from AED 70,000 to AED 34,000 in 2021 and recovered to AED 52,030 by September 2024.
- At AED 52,030 a year the gross yield on the 2009 price is 3.8%, before a service charge of about AED 12,100 a year (AED 11.30 per sqft).
Source: Dubai Land Department. Updated 14 September 2024.
Questions about 706, Mazaya - Farah Tower 1
What did unit 706 last sell for?
AED 1,358,460 on 4 May 2009, sold by the developer: AED 1,272 per sqft for 1,067 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 52,030 a year on the contract signed on 14 September 2024. The previous contract, from September 2022, was AED 43,000; the unit has been rented since June 2015.
How big is unit 706?
1,067 sqft (99.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2014.
What is unit 706 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 706, Mazaya - Farah Tower 1
Starts from the last sale price (AED 1.36M, 4 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,358,460
- Deposit, UAE resident (20%)
- AED 271,692
- Deposit, non-resident (40%)
- AED 543,384
- Monthly over 25 years at 3.7%
- AED 5,558
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →